Award

Banking Contract

REDCAR & CLEVELAND BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

13 Jul 2018 at 17:50

Award Notice
Summary of the contracting process

The procurement process for the "Banking Contract" has been completed by Redcar & Cleveland Borough Council, focusing on financial and insurance services within the United Kingdom, specifically in the North East region. The contract, valued at £150,962, was awarded on 8 July 2018 and spans from 9 July 2018 to 8 July 2023. The tender period concluded on 14 June 2018, under an exemption procurement method.

This contract presents significant opportunities for businesses specialising in banking and financial services, particularly those with the capability to deliver comprehensive banking solutions. Large organisations akin to The Royal Bank of Scotland, which was awarded this contract, would be ideally positioned to participate in similar future tenders. Such opportunities are essential for growth in the finance sector, fostering competition and innovation among service providers.

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Notice Information

Notice Title

Banking Contract

Notice Description

Banking Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b477310b-4e1d-4dbc-a90a-a307f6c42a56
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d036745f-d425-4bf8-b0e8-84f2bd789f3c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Exemption
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£150,962 £100K-£500K
Lots Value
Not specified
Awards Value
£150,962 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jul 20187 years ago
Submission Deadline
14 Jun 2018Expired
Future Notice Date
Not specified
Award Date
7 Jul 20187 years ago
Contract Period
8 Jul 2018 - 8 Jul 2023 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
REDCAR & CLEVELAND BOROUGH COUNCIL
Contact Name
Michelle Gray
Contact Email
procurement@redcar-cleveland.gov.uk
Contact Phone
01642 774774

Buyer Location

Locality
REDCAR
Postcode
TS10 1RT
Post Town
Cleveland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC32 South Teesside
Delivery Location
TLC North East (England)
Local Authority
Redcar and Cleveland
Electoral Ward
Coatham
Westminster Constituency
Redcar

Supplier Information

Number of Suppliers
1
Supplier Name

THE ROYAL BANK OF SCOTLAND

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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